Chemtura Corp (CHMT) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.42. The company posted revenue of $414.00 million in the period, compared to analysts expectations of $439.75 million. The company’s revenue was down -5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on Chemtura Corp. BB&T Capital Mkts Upgraded Chemtura Corp on Apr 26, 2016 to ” Buy”, Price Target of the shares are set at $37.Chemtura Corp was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 5, 2016.
Chemtura Corp (CHMT) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $29.61 and reached the intraday high at $29.99. The bulls started the profit booking and pushed the shares to intraday low of $29.42. The trading session was marked by a volume range of 3,74,508 shares exchanging hands. The 52-week high of the shares is $32.34 and the 52-week low is $23.5. The market cap of the company stands at $1,951 M and there are 6,61,00,000 shares in public circulation.
In a different news, on Mar 22, 2016, Laurence Michael Orton (VP, Corporate Controller) sold 2,000 shares at $27.00 per share price. According to the SEC, on Mar 1, 2016, Billie S. Flaherty (EVP, Gnrl. Counsel & Secretary) sold 3,993 shares at $25.43 per share price. On Nov 4, 2015, Craig A Rogerson (President and CEO) sold 231,614 shares at $31.99 per share price, according to the Form-4 filing with the securities and exchange commission.
Chemtura Corporation (Chemtura) is a global developer manufacturer and marketer of engineered industrial specialty chemicals. The Companys products are sold to industrial manufacturing customers for use as additives ingredients or intermediates that add value to their end products. The Company operates in two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a global manufacturer and marketer of lubricant additive components synthetic lubricant base-stocks synthetic finished fluids calcium sulfonate specialty greases and phosphate and polyester-based fluids and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a global developer and manufacturer of bromine and bromine-based products and organometallic compounds. Its operations are located in North America Latin America Europe and Asia.